The Greedy Trader Weekly Analysis
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Johnson & Johnson
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversold
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Johnson & Johnson (JNJ). During the week, the JNJ dropped -3.00 points, or -2.36%, and closed at 124.24 on Friday, May 18, 2018. Weekly volume was -9% below average.

Long-term trend: [See JNJ long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 46.25 and reached 148.32 on January 17, 2018. JNJ gained -102.07 points, or -220.69%, in 462 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 96.78 and resistance is at 142.67. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See JNJ medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 81.79 and reached 148.32 on January 17, 2018. JNJ gained -66.53 points, or -81.34%, in 125 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (139.97) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since January 26, 2018. Use the following link to access a MACD help.

Short-term trend: [See JNJ short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 121.28 and reached 127.61 on May 14, 2018. JNJ gained -6.33 points, or -5.22%, in 11 days. The price is now at the 53.24% retracement level.

Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 10, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.52
Williams' Percentage Range (W%R) 68.50
Lane's Stochastic (%D-Slow) 55.54
Greed/Fear Indicator (GFI) 43.19
Moving Average Converg./Diverg. (MACD) -1.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.84
Williams' Percentage Range (W%R) 90.70
Strong Oversold
Lane's Stochastic (%D-Slow) 27.56
Greed/Fear Indicator (GFI) 27.72
Moving Average Converg./Diverg. (MACD) -1.69
Trading Signals
Description Value Chart
Yearly Trendline Resistance 142.67
Quarterly Trendline Support 139.97
Upper Bollinger Band 128.91
50 Day Moving Average 127.95
Parabolic System 127.25
20 Day Moving Average 125.31
Daily Stochastic Crossing 125.10
Price 124.24
Weekly Stochastic Crossing 124.01
Lower Bollinger Band 122.34
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Drug Manufacturers/Major 67
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 121.28
Low Date 05/03/2018
High 127.61
High Date 05/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 132.88
High Date 04/16/2018
Low 121.28
Low Date 05/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 148.32
High Date 01/17/2018
Low 121.28
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 153.35
Support 139.97
Low 81.79
Low Date 08/24/2015
High 148.32
High Date 01/17/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 142.67
Support 96.78
Low 46.25
Low Date 03/09/2009
High 148.32
High Date 01/17/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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